True wealth can only be achieved by generating passive income from investments and owning businesses from "summary" of Cashflow Quadrant: Rich dad poor dad by Robert T. Kiyosaki
True wealth can only be achieved by generating passive income from investments and owning businesses. This concept is crucial because it highlights the importance of creating streams of income that do not require active participation on a daily basis. Passive income is essentially money that comes in without having to work for it constantly. It is the key to achieving financial freedom and building wealth over time. By investing in assets that generate passive income, individuals can free themselves from the constraints of traditional employment and create a life of abundance and prosperity. Investing in businesses is another essential component of building true wealth. Owning a business allows individuals to leverage their time and resources to generate income on a larger scale. It provides the opportunity for exponential growth and the potential to create long-term wealth. By focusing on generating passive income from investments and owning businesses, individuals can create a solid foundation for financial success. This approach allows for financial security and the ability to build a legacy for future generations. It is a mindset shift that can lead to greater financial freedom and fulfillment in life.- True wealth can only be achieved by generating passive income from investments and owning businesses. It is a fundamental principle that can transform one's financial future and provide the means to live a life of abundance and prosperity.
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